Abu Dhabi Commercial Bank (ADCB) has launched an online trade finance platform, ProTrade, so that its customers can manage trade finance transactions from anywhere at any time.

Letters of credit (L/Cs) and bank guarantees are amongst the instruments that can be managed on the new platform.

Trade finance suite

ProTrade becomes part of the UAE's third largest bank's EasyTrade suite, which aims to optimise the range of trade finance products and services available for both importers and exporters involved in international trade.

The new system claims to bring quicker turnaround times and increase productivity by providing customers the opportunity to initiate transactions and receive notifications from ADCB at any time, regardless of banking hours.

Complete service

ProTrade enables clients to completely manage online all of their import and export L/Cs and bank guarantees as well as other trade finance services.

Clients can receive information on the status of transactions in real time or via email on a platform that employs a sophisticated encryption tool to ensure complete security of access.

This article represents the views of the author and not necessarily those of the ICC or any of the other partners in DC-PRO.